I'm interested in both cultural and technical canon. What made it stand out from other starships? Was there only one made? Why does it seem to instill awe in both friend and foe?
closed as primarily opinion-based by Rogue Jedi, Rand al'Thor♦, Null♦, Ward, Lobo Oct 30 '15 at 14:12
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A little Googling tells me that the Millennium Falcon is "a modified YT-1300 light freighter" (http://starwars.wikia.com/wiki/Millennium_Falcon). So I guess many of that model were made, but only one of them was called "Millennium Falcon"
With Han Solo as pilot, it was an infamous smuggling craft. Hans big claim to fame being that he "made the Kessel Run in less than twelve parsecs" in her (http://starwars.wikia.com/wiki/Kessel_Run). I think this establishes that it was fast and maneuverable, and the Han was will to take risks in her.
Not sure why this would instill awe in foes. It does have gun turrets and shields, but it's not a fighting vessel. Just really good at running away.